For context, Maple Finance is a protocol that provides undercollateralized lending/borrowing. Very much similar to the now bankrupt Celsius/Hodlnaut, perhaps better in some ways since more info is available for on-chain sleuths. Octagonal Trading (see update) and Auros both got rekt by FTX and had defaulted on their loans in Maple Finance's M11 USDC and wETH credit pools. Resulting in losses amounting to roughly US$50mil for its lenders. As "compensation", affected lenders will be airdropped $MPL which is the governance token of Maple Finance. Hmm, $MPL appears to be on its way to becoming a ..read more

Long time no post, just wanna do a quick life update. The second half of this year was tough, got hit by a series of bankruptcy shit storm and for the first time I lost quite a sum of money cause FTX vegan fatty had been illegally spending users' deposits on cucumbers. One thing led to another, Gemini earn got suspended withdrawals as well which I barely got away from it. Time to eat grass : Looking back, it is ironic of me to lose money on centralized platforms that despite my constant emphasis "not your keys, not your crypto" in many of my older posts. Wonder what attributed to my complacen ..read more

What best to do other than to watch crabs fight each other while waiting out market crabs. As the title suggest, Crabada is a decentralized Play-to-Earn NFT game on the Avalanche blockchain and comes with idling features. In short, Crabada is something like an Axie Infinity fork but perhaps better in some way. What is Crabada? For better understanding, below is a gameplay footage of Crabada's looting mechanics: Not quite the game for my age lol. Crabada is not Free-to-Play as players need to purchase at least 3 crabs (hermit crabs to be exact) for: Mining expedition (can be left idle) Looting ..read more

Yoooo, it has been awhile. Life got busy real fast after I decided to make a career switch and jumped right into a bootcamp. My experience has been great, had fun learning, met interesting people from diverse background and made alot of friends. Fully anticipated that the bootcamp will be challenging so I started off with sufficient coding practice which paid off and was 2 weeks ahead of syllabus lol. People around looking at me like "u mad bro?". I would say I have been trained well by CT lol. One concerning fact I learnt from fellow trainees was that males generally have strong compelling re ..read more

Star Atlas recently released their game economics paper detailing how $ATLAS and $POLIS tokens will interact with the game. Since token pre-sales concluded not too long ago, I wanna share what I think of the game economics and tokenomics in this post. Before that, check out their dope ass trailer and the newly launched interactive website! Goals of the economy Under "Skill-Tree Progression" with their aim to "minimize player fatigue and multi-account clutter": ...By employing a skill tree approach, the game allows its users to dedicate their time and resources to a certain activity. This allow ..read more

Recently, Illuvium has received lots of attention in the crypto space so much that Index Coop (a team that comes up with ETF kinda tokens) added $ILV as the second highest allocation in their Metaverse token $MVI. I thought the listing was really interesting so I wanna discuss about $ILV's tokenomics in this post. What is $ILV token? Basically a governance token Used for voting proposals or put up IIPs (Illuvium Improvement Proposals) and ICCPs (Illuvium Configuration Change Proposals). What's the difference between the two proposal types? According to Illuvium docs, IIP is meant for propos ..read more

Yet another interview by On Chain Gamer, Jake with the Star Atlas' CEO, Michael Wagner discussing about their new Play-to-Earn blockchain game project. This interview wasn't good like the previous interview about ILLUVIUM because of so much sidetracking. Watch the full interview here. Some background about Star Atlas, as the title suggest, it is a Play-to-Earn NFT game in the works on the Solana blockchain. Star Atlas takes place in the outer space where players can choose either of the three factions and explore the universe in space ships NFTs to expand their territory or search for resourc ..read more

Jake, On Chain Gamer had an incredible interview with ILLUVIUM co-founder, Kieran Warwick about their upcoming blockchain game ILLUVIUM. To be honest, I was really surprised with the quality of the interview particularly for a gaming channel. Jake was well prepared and did a really good job asking key questions uncovering valuable insights about the gameplay and how the game economy would be like. Watch the full interview video here. This post will be highlighting the key points discussed about the game. Co-founder's background: Started with Kain (SNX founder) on OTC Bitcoin sales in 2016 (Ov ..read more

Impermanent Loss (IL) has always been the biggest concern for all liquidity providers (LP) when providing liquidity. Nobody enjoys seeing their pooled token balance dwindled while the price moons. Unfortunately, if the pool uses the "X * Y = K" equation, it is unavoidable. So, in this post I discuss about what I think are some AMMs to consider LP-ing and how they deal with IL. I will be using "ape level", a scale of 1 to 5, to gauge the amount of effort required to monitor their pool assets. 1 being LPs have to always keep a lookout and 5 being LPs can sleep on it. 1. Balancer v2 An AMM protoc ..read more

Welcome to the bear market where token holders got their head chewed off and are either discussing strange topics or arguing about the current market state on CT. I had been holding off buying for a really long time just waiting for this crash to come. Many prominent CT personalities have chosen to sit out or retire during these red times. Wish they have a good break. many thanks for all the alfa leeks! CT feels awfully quiet now but it is what it is... still gotta survive and try to make money. Now for a portfolio snapshot. Currently still in the green but perhaps not for long lol for prices ..read more